Ponzi schemes are becoming a growing threat in online gambling especially in Southern Asia. These schemes promise high returns but rely on new deposits to pay existing users. Eventually the system collapses and the scammer disappears with the money.
How Ponzi Gambling Schemes Work
- Players deposit money – Scammers promise huge returns or cashback bonuses.
- Early investors get paid – This attracts more people to join.
- The site vanishes – Once enough money is collected the website shuts down leaving players with nothing.
Signs of a Ponzi Gambling Scam
❌ Unrealistic profit promises
❌ Emphasis on recruiting new members rather than actual gambling
❌ No real gaming platform just a flashy website
If an offer sounds too good to be true it probably is.
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